sebi:Order/JS/RJ/2025-26/32197
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Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 3(a)
- Reg. 26
Parties
- Anita Jhajharia
Holding
The Noticee violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations by executing non-genuine reversal trades in illiquid stock options on BSE, and monetary penalty of Rs. 5,00,000 under section 15HA of SEBI Act was imposed on Anita Jhajharia.
Full text
Adjudication Order in respect of Anita Jhajharia in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 13
Adjudication Order in respect of Anita Jhajharia in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 13
Adjudication Order in respect of Anita Jhajharia in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 13 “Settlement Scheme 2024”) in terms of regulation 26 of Settlement Regulations. The applicable period of the said scheme was March 11, 2024 to May 10, 2024. Later, the applicable period of the Settlement Scheme 2024 was extended to June 10, 2024 by SEBI. The said PSI was duly served on the Noticee through email at the id ‘manish.jhajharia8@gmail.com’. It is observed that Noticee did not avail the Settlement Scheme 2024 and accordingly, the adjudication proceedings against the Noticee were resumed.
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Source: SecMarx — sebi:Order/JS/RJ/2025-26/32197. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.